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3 Hongkongers land on Forbes Asia's Power Businesswomen 2024

3 Hongkongers land on Forbes Asia's Power Businesswomen 2024

The youngest is Stephanie Lo, vice chairman of Shui On Land.Three Hongkongers were included in Forbes Asia’s Power Businesswomen 2024 for being the first women to step into their roles in their companies.The youngest of the three is Stephanie Lo, vice chairman of Shui On Land. Lo assumed the role in May, overseeing the China-focused property development arm of the Shui On Group, founded by her father, Vincent Lo.Also on the list is Clara Chan, CEO of Hong Kong Investment Corporation (HKIC). Prior to HKIC, Chan was a manager of direct investments at the Hong Kong Monetary Authority in 2010 where she handled the $39b bailout of Cathay Pacific during the pandemic.The third Hongkonger is Bonnie Chan, CEO of Hong Kong Exchanges and Clearing, who has overseen a notable increase in listings this year. In the second quarter, 18 companies went public compared to 12 in the first, raising 79% more funds.

Country Garden's contracted sales hit $4.68B in October

Meanwhile, its GFA attributable to the shareholders reached 0.45 million sqm.

4 in 5 SMEs report easier bank credit approvals in Q3

Some, however, said the process was more difficult.

Cathay expands Corporate SAF Programme with new tiered partnerships

By using SAF, the partners reduced carbon emissions by 8,060 tonnes in 2024.

Homebuyer interest in HK up amidst rate cuts, policy incentives

Developers are launching new residential projects to capture demand.Homebuyers are showing renewed interest in the residential market, following recent US Federal interest rate cuts and flexible housing measures announced in the policy address, according to CBRE.

HKUST forms advisory group to support HK's third medical school

Members include a former UK health minister and a Nobel laureate.The Hong Kong University of Science and Technology (HKUST) has formed a council advisory group to support the development of Hong Kong’s third medical school, providing guidance to the university council. Chaired by Dr. Leong Che-Hung, the advisory group includes a roster of global medical experts and scholars such as former UK health minister Ara Darzi, chair of surgery at Imperial College London Paul Hamlyn, Columbia University's David Ho, Singaporean ophthalmologist Wong Tien-yin, and Nobel laureate Roger Kornberg from Stanford University's School of Medicine.Their collective expertise is expected to guide the university in establishing a leading medical school that will enhance Hong Kong’s role as an international hub for medical education, research, and innovation.HKUST plans to continue recruiting members to deepen the advisory group's expertise.

Commercial real estate downturn spreads to banks

Post-pandemic recoveries in HK and the mainland were weaker than expected. 

Victory Securities to market virtual asset structured products

These products enable investors to have higher potential returns. 

PolyU, GCBCOA launches Electronic Painting for Breast Cancer

Through EPBC, patients reported enhanced emotional well-being. 

AlipayHK partners with YAS for real-time travel coverage

The embedded accident insurance is underwritten by Generali Hong Kong.

Hang Seng Insurance to benefit from parental ties

It is expected to penetrate its parent’s client base further.

14 HK firms gain approval to join GBA wealth scheme

They can now offer cross-boundary investment services to GBA investors.

Gov’t expands GBA data contract to cover all industry sectors

It was initially applied only to banking, credit, and healthcare sectors.

FWD Hong Kong rolls out Crisis EasyGo series

Premium payment terms range from 10 to 25 years.